The market for Crawler Camera Systems is expected to reach XX Mn in 2027.
The crawler camera systems market worldwide is expected to grow at a CAGR of 6.70% during the forecast period from 2019 to 2027. The crawler camera systems market is expected to witness tremendous growth in the near future due to the rise in industrialization and growth in infrastructure development. The adoption of crawler camera systems has increased due to their faster and more efficient pipeline inspections. Crawler camera systems have various advantages, such as a comfortable grip and is lightweight and robust, which make their access to any remote location easy. To control the error percentage and enhance security levels, municipalities across the globe are using crawler camera systems. Therefore, we are expecting huge growth in the crawler camera systems market during the forecast period.
The municipal segment holds the highest market share in the crawler camera systems market, with more than 1/3 of the market revenue as of 2018. Crawler camera systems are highly used by municipal corporations worldwide due to the incomparable performance of these cameras. Further, crawler camera systems provide information on the condition of pipe faults, separated pipe joins, leaks, blockages, and other defects. As a result of these factors, we expect that the municipal segment will continue to grow throughout the forecast period. Moreover, crawler camera systems are being used by various industries, including oil refineries, oil pipeline transmissions, gas distribution networks, and others.
In 2018, North America was the leader in the market for crawler camera systems, with more than 1/3 of the market share, followed by Europe. The availability of developed infrastructure, constantly expanding cities, and the adoption of new technologies are the major factors responsible for the dominance of North America. On account of these factors, we are expecting huge growth in the North American region throughout the forecast period. The Asia Pacific region is estimated to expand with the highest CAGR during the forecast period due to huge investments in infrastructure development in developing economies such as India and China.
Some of the prominent players operating in the crawler camera systems market include SPX Corporation (Cues, Inc.), Deep Trekker Inc., Inuktun Services Ltd., AM Industrial (UK) Ltd., Ipek International GmbH, Mini-Cam Ltd., Rausch Electronics USA LLC, Subsite Electronics, INSPECTOR SYSTEMS Rainer Hitzel GmbH, and others.
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
The crawler camera systems market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global crawler camera systems market based on application, end-user, and geography. Key segments covered in the report are as follows:
The market for Crawler Camera Systems is expected to reach XX Mn in 2027.
The Crawler Camera Systems is expected to see significant CAGR growth over the coming years, at 6.70%.
The report is forecasted to 2019-2027.
The base year of this report is 2018.
SPX Corporation (Cues, Inc.),Deep Trekker Inc,Inuktun Services Ltd.,AM Industrial (UK) Ltd.,iPEK International GmbH are some of the major players in the global market.